WorksheetsSAP FI QUESTIONS PART 2
Total questions: 33
Worksheet time: 17mins
Name
Class
Date
1.
A special group of assets to be shown separately in the general ledger. Which objects do you create in Customizing for Asset Accounting? Choose 2
a)
Depreciation area
b)
Financial statement version
c)
Account determination key
d)
Asset class
2.
You want to quickly launch the balance sheet for the company code you are responsible for from the SAP Fiori launchpad. What can you create to achieve this?
a)
Your own financial statement version
b)
Your own application tile(app)
c)
Your own application catalog
d)
Your own application group
3.
What do you configure to allow cross-company-code /Inter-company transactions?
Note- There are 2 correct answers to this question.
a)
Special G/L indicator
b)
Posting keys
c)
Account types
d)
Clearing accounts
4.
In which step of the SAP Financial Closing Cockpit configuration do you define parameters settings for variables of program variants?
a)
Template creation
b)
Task list release
c)
Dependency definition
d)
Task list creation
5.
What should you check if the balance of the GR/IR account is not zero at the purchase order item level on the balance sheet key date?
Note- There are 2 correct answers to this question.
a)
Check to see if the goods were invoiced by the key date, but have not yet been delivered.
b)
Check to see if the goods were ordered by the key date, but have not been received.
c)
Check to see if the goods were delivered by the key date, but have not yet been invoiced.
d)
Check to see if the goods were produced by the key date, but have not been invoiced.
6.
How do you configure depreciation areas in SAP S/4HANA?
Note- There are 2 correct answers to this question.
a)
Assign depreciation area 01 to the leading ledger.
b)
Ensure each accounting principle is assigned to a depreciation area.
c)
Assign a ledger group to each depreciation area.
d)
Ensure depreciation areas always post to the general ledger.
7.
You are configuring accrual types for the accrual engine. For which postings is account determination required? There are 2 correct answers to this question.
a)
Opening and Closing Posting only
b)
Opening Posting only
c)
Periodic only
d)
Closing Posting only
8.
Which steps are required to create a substitution in Financial Accounting? There are 3 correct answers to this question.
a)
Choose the area of application GL.
b)
Define the substitution rule with its different steps using the formula editor.
c)
Activate the substitution rule.
d)
Assign the substitution rule to the controlling area.
e)
Select the correct call-up point.
9.
You have been asked to set up house banks as part of the implementation. What information do you need? Note: There are 3 correct answers to this question.
a)
Bank Control Key
b)
Bank Master Data
c)
Payment method
d)
General ledger account (Bank GL)
e)
Company code.
10.
Which statements best describe a profit center? Note: There are 2 correct answers to this question."
a)
It is an object for which separate balance sheet and P&L statements can be created, independently from segments being maintain or not.
b)
It is the only object from which segments can be uniformly derived.
c)
It is the only object that can be uniformly derived using segments.
d)
It is an object for which separate balance sheet and P&L statements can be created only when used in conjunction with segment.
11.
Which parameter indicates that a line item can only be dunned with restrictions?
a)
Dunning grouping
b)
Dunning block reason
c)
Dunning area
d)
Dunning key
12.
"You are getting ready to post your first simple general ledger document using the SAP Fiori app for posting in a test environment. What configuration items do you need to set up to post a simple document? Note: There are 2 correct answers to this question. "
a)
User must be assigned to a tolerance group.
b)
Line item text templates must be maintained.
c)
The posting period variant must be created and assigned.
d)
Number range and document types must be maintained.
13.
"Besides using the profit center, which options does General Ledger Accounting with document splitting provide to assign a segment to the posting line? Note: there are 2 correct answers to this question
a)
Definition of validation rules
b)
Standard account assignment using constants
c)
Assignment of default segments to G/L accounts
d)
Badi implementation (FAGL_DERIVE_SEGMENT
14.
You are responsible for configuring document splitting.
What are some of the key settings? Note There are 2 correct answers to this question."
a)
Business transaction variant
b)
Field status variant
c)
Document number range
d)
Document type.
15.
What does the document type control? Note: There are 2 correct answers to this question."
a)
Which account types are allowed for postings
b)
Whether negative postings are permitted
c)
Which posting keys are allowed for postings
d)
Whether text is required on line item level.
16.
"Which of the following statements are valid for financial document number ranges? Note: There are 3 correct answers to this question"
a)
The same financial document number range can be assigned to several document types
b)
Financial document number ranges must be defined for the year in which they are used
c)
Financial document number ranges are defined at company code level
d)
All financial document number ranges can contain numbers and/or letters
e)
Financial document number ranges defined at client level should NOT overlap.
17.
You define custom currency type Z1 for your company code. Which currency types must be stored in the Data Entry view? Note: There are 2 correct answers to this question."
a)
Document currency
b)
Hard currency (40)
c)
Custom currency type Z1
d)
Company code currency.
18.
Which of the following are valid settlement receivers when you perform settlement for an asset under construction on a line item basis?
Note: There are 2 correct answers to this question.
a)
Profit center
b)
Fixed asset
c)
Functional area
d)
Cost center
19.
How do you identify an asset as an asset under construction?
a)
The asset capitalization date is empty.
b)
The asset belongs to a specific asset class.
c)
The ordinary depreciation start date is empty.
d)
The asset is assigned to NO depreciation area
20.
You are asked to explain how assets under construction work in SAP S/4 HANA What should you highlight? Note: There are 2 correct answers to this question.
a)
It is possible to calculate and post depreciation in the balance sheet depreciation area for assets under construction
b)
It is possible to post credit memos, even after assets under construction are fully capitalized
c)
It is possible to post special tax depreciation and investment support for assets under construction
d)
It is impossible to use assets under construction with Investment Management.
21.
Which elements define the integration of asset acquisitions with the general ledger? Note: There are 2 correct answers to this question."
a)
Depreciation keys
b)
Valuation area
c)
Asset class
d)
Depreciation area.
22.
Which of the following should you consider when defining asset number ranges? Note: There are 2 correct answers to this question."
a)
Asset number range are defined at chart of depreciation level.
b)
Each asset class can have either an internal or external number range.
c)
Asset number range are defined for asset classes and are company code specific.
d)
Each asset number range must be assigned to a unique asset class.
23.
Which date is used to determine the depreciation start date?
a)
Asset value date
b)
Baseline date
c)
Posting date
d)
Document date
24.
Your SAP S/4HANA system is integrated with controlling. You perform cost-of-sales accounting, and you report your profit and loss per profit center. When posting a supplier invoice to a primary account, which field is mandatory by standard procedures?"
a)
Profitability segment
b)
Business Area
c)
Segment
d)
Functional Area.
25.
You forget to add a new general ledger account to the financial statement version. What impact does this have on the net profit and net loss?"
a)
The balance of the new account is added to the non-assigned section and is included in the calculation
b)
The balance of the new account is added to the notes in the financial statement item section and is included in the calculation
c)
The balance of the new account is added to the notes in the financial statement item section and is excluded from the calculation
d)
The balance of the new account is added to the non-assigned section and is excluded from the calculation.
26.
To use the SAP Financial Closing cockpit, which steps are required?
Note: There are 3 correct answers to this question"
a)
Define the person responsible for tasks
b)
Release the task list
c)
Create a template
d)
Create task groups
e)
Define task dependencies
27.
Asset Accounting: What is the difference between the ledger approach and the accounts approach to parallel calculation in Asset Accounting?
a)
In the ledger approach, you assign a ledger group to every depreciation area, unlike the account approach.
b)
In the ledger approach, you maintain additional depreciation areas to post the delta valuation of each accounting principle, unlike the accounts approach.
c)
In the accounts approach, you assign a separate set of accounts for each accounting principle, unlike the ledger approach.
d)
In the accounts approach, you define a technical clearing account for integrated asset acquisitions, unlike the ledger approach.
28.
You are creating an asset master record by copying another asset, and you notice that the inventory number is copied over. Which setting do you make on the screen layout maintenance page to ensure the inventory number is NOT copies over when you create new asset master via copy?"
a)
Remove the subnumber indicator
b)
Remove the reference indicator
c)
Remove the main asset indicator
d)
Remove the asset class indicator
29.
Asset Accounting: How can you perform transfers of asset between company codes with different chart of depreciation?
a)
Configure the cross-company depreciation areas in Customizing.
b)
Define a global transfer variant and assign all the depreciation areas to it.
c)
Enter depreciation area mapping during intercompany transfer posting.
d)
Ensure the same depreciation areas are used in all charts of depreciation
30.
Asset Accounting: "What do you define when configuring asset classes?
Note: There are 3 correct answers to this question."
a)
Screen layout rules
b)
Transaction types
c)
Posting keys
d)
Number ranges
e)
Account determination.
31.
What is shared between all deployment options for SAP S/4HANA (Cloud, On-Premise)? Note: There are 3 correct answers to this question."
a)
Data model
b)
Code line
c)
Configuration Scope
d)
User experience
e)
Upgrade intervals
32.
You are a group cash manager interested in the Australia business market. What are the personalization options available to you in SAP Fiori? Note: There are 2 correct answers to this question"
a)
You can create a tile to take you directly to the cash position of the Australia business market
b)
You can adapt the launchpad color theme according to predefined values for the cash report
c)
You can create a tile group with all the apps required for you daily business for easy access
d)
You can manage user access to relevant apps for the the Australia accounts payable group that reports to you.
33.
What is the purpose of period interval 3 when you define open and closed periods?
a)
A. Posting to special purpose ledger
b)
B. Posting to special periods
c)
C. Posting to the extension ledger
d)
D. Posting from CO to FI.
100 %
